• XRP price could fall lower in search of reliable support at the lower boundary of the prevailing chart pattern
  • However, slicing below $0.63 could put an additional 71% decline on the radar.
  • Ripple bulls may face tough hurdles ahead even if buying pressure rises.

XRP price could be vulnerable to decline further as Ripple fails to find buyers in the market. The cross-border remittance token’s trading volume has diminished and may continue to slide lower to discover reliable support. 

XRP price searches for meaningful support

XRP price is trapped within a symmetrical triangle pattern on the 3-day chart, suggesting that Ripple could continue to consolidate further. The token could fall further to discover meaningful support at the lower boundary of the prevailing chart at $0.63, resulting in a 23% decline.

The first line of defense for XRP price is at the 78.6% Fibonacci retracement level at $0.75, coinciding with the August 8 low. Ripple will find an additional foothold at the July 12 high at $0.65.

If XRP price slices below the downside trend line of the governing technical pattern at $0.63, a 71% decline toward $0.18 could be on the radar, a bearish target given by the symmetrical triangle pattern.

If selling pressure increases, Ripple could continue to slide lower toward the June 24 low at $0.58, coinciding with the support line given by the Momentum Reversal Indicator (MRI).

XRPUSDT

XRP/USDT 3-day chart

However, if the bulls manage to reverse the period of underperformance, XRP price could aim for the nearest resistance at the 61.8% Fibonacci retracement level at $0.88, then at the 100 three-day SMA at $0.97, intersecting with the 50% retracement level.

Additional obstacles may emerge at the 21 three-day SMA at $1.00, then at the 50 three-day SMA at $1.04. If buying pressure increases, XRP price may even aim higher toward the 38.2% Fibonacci retracement level at $1.06, before Ripple attempts to tag the upper boundary of the prevailing chart pattern at $1.17, where the 23.6% Fibonacci retracement level also sits.


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Ethereum Price Forecast: ETH consolidates below $2,000 as Standard Chartered alters its prediction for 2025

Ethereum Price Forecast: ETH consolidates below $2,000 as Standard Chartered alters its prediction for 2025

Ethereum remained just below $2,000 in the Asian session on Tuesday as Standard Chartered's Global Head of Digital Assets Research, Geoffrey Kendrick, updated the bank's 2025 price forecast for ETH.

More Ethereum News
Solana price faces 50-day resistance as SOL futures debut on CME Group with $5M volume on fifth anniversary

Solana price faces 50-day resistance as SOL futures debut on CME Group with $5M volume on fifth anniversary

Solana (SOL) stagnated around the $128 mark on Monday despite multiple bullish catalysts. The recent SOL unlocks by Alameda Research, ahead of FTX creditor repayments, have created a persistent bearish overhang since early March.

More Solana News
Canary Capital proposes first-ever Sui ETF following S-1 filing with the SEC

Canary Capital proposes first-ever Sui ETF following S-1 filing with the SEC

SUI saw slight gains on Monday as Canary Capital submitted an S-1 application with the Securities & Exchange Commission (SEC) to launch a Sui exchange-traded fund (ETF). This adds to the growing list of altcoin ETF filings awaiting approvals from the regulator.

More Sui News
Outflows in crypto funds reach $6.4 billion over five weeks amid long-term holder accumulation

Outflows in crypto funds reach $6.4 billion over five weeks amid long-term holder accumulation

Crypto exchange-traded funds (ETFs) extended their outflow streak last week, totaling $1.7 billion, bringing the total outflows in the past 5 weeks to $6.4 billion, per CoinShares weekly report on Monday.

More Cryptocurrencies News
Bitcoin: BTC at risk of $75,000 reversal as Trump’s trade war overshadows US easing inflation

Bitcoin: BTC at risk of $75,000 reversal as Trump’s trade war overshadows US easing inflation

Bitcoin price remained constrained within a tight 8% channel between $76,000 and $84,472 this week. With conflicting market catalysts preventing prolonged directional swings, here are key factors that moved BTC prices this week, as well as key indicators to watch in the weeks ahead. 

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP